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NII

NII

The Vein-Eye CARRY will solve the everyday painful problem of missed vein punctures. This is a revolutionary new technology.

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Deal Type

Equity

Funding Goal

$250,000

Current Reservations

$0

Minimum Reservation

$1,000

Maximum Reservation

$250,000

Deal Stage

Other

Pre-money Valuation

$20,000,000

Open Date

10/07/2018

Closing Date

12/31/2018

Elevator Pitch

The Vein-Eye CARRY will soon be the #1 choice of healthcare practitioners when attempting to draw blood, place an IV, and puncture a vein.

Company Overview

The Vein-Eye CARRY is a portable, lightweight, and revolutionary new medical device that solves the problem of painful missed vein punctures. It is able to be taken into the home, from room to room in a hospital, and positioned in an ambulance.

There are 30m – 40M vein punctures everyday worldwide.

Locating a vein to insert a needle can be difficult in any patient, but they are very difficult when the patient is very young, aged, obese or has very dark skin.

Care delays occur in approximately 25 percent of all patients regardless of care setting due to the inability to establish IV access.

Drawing blood or placing an IV is very difficult if the patient has diarrhea, is very young, is very old, or the veins have collapsed due to dehydration.

Drawing blood or placing an IV can be dangerous to both the patient and healthcare practitioner if the patient has Ebola, AIDS, SARS, Measles, Chicken Pox or Tuberculosis.

The failure rate of puncturing a vein is 10% to 40% when resuscitating a critically-ill patient, where time is of the essence and vein punctures are challenging.

One in three attempts result in failure in adults, and one in two attempts result in failure in pediatrics. That translates to 50% failure in pediatrics.

If intravenous therapy does not begin promptly, both patients and healthcare practitioners endure tremendous stress and discomfort with repeated missed attempts.


Risks & Disclosures

While the Vein-Eye CARRY has been evaluated by many nurses and doctors, and while we have many customers worldwide waiting to sell the Vein-Eye CARRY, there is no guarantee of success.

We need funding to actually build the devices and fill PO's.

Another company could always attempt to reverse engineer our technology, even though we have patent protection.

Documents

Confidential

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